The company had the following dividend


On January 1, 2011 a company had the following data:

- issued 10,000 shares of $2.00 par value common stock for $12.00 per share

- issued 3,000 shares of $50 par value 6% cumulative preferred stock for $70 per share

- purchased 1,000 shares of previously issued common stock for $15.00 per share

The company had the following dividend information available:

2011 - No dividend paid

2012 - Paid a $2,000 total dividend

2013 - Paid a $17,000 total dividend

2014 - paid a $32,000 total dividend

Using the following format, fill in the correct values for each year;

Solution Preview :

Prepared by a verified Expert
Accounting Basics: The company had the following dividend
Reference No:- TGS02583176

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)